Algeria offers opportunities for manufacturers, investors

Algeria, the gateway to much of northern Africa, is holding ‘Algeria WoodTech’, its first international trade fair on wood, furniture, manufacturing technologies and equipment from 20-23 September, 2021.

About 130 national and foreign exhibitors and 15,000 trade visitors are expected at the Exhibition Centre, Pine Maritime, in its capital, Algiers. The show will be open from 10 am to 6 pm on all four days.

Although Algeria is the third-largest producer and exporter of cork, it imports nearly US$ 530 million worth of sawn, sliced or unrolled lumber each year to meet its rising domestic demand for furniture.

The North African nation recently launched a programme of building more than 1 million housing units in 2020-2024, a project that opens up broad prospects in the field of wood industry and the manufacture of high quality furniture.

Algeria recently adopted fresh legislation to attract foreign direct investments in various sectors. To promote local manufacturing and employment, it also imposed a 60% tax on imported furniture.

Already, several national delegations from Algeria, Turkey, China, Morocco, Tunisia, Egypt, France, Portugal and Romania have evinced keen interest in participating as exhibitors

Why participate?

In parallel to the exhibition, conferences will be organised by national and international professional and speakers specialising in various aspects of wood technology, furniture manufacturing, supply chain building and industrial development.

Algeria is looking forward to securing raw material for the manufacture of furniture; diversification of composite wood products in terms of quality, size and thickness; new technologies, processes and machines necessary for the increase and perfection of production; professional training, know-how and manufacturing expertise.

North Africa offers a vast, and as yet untapped, market for infrastructure and technology advancement; suppliers of raw material, accessories and consumables; as well as providers of financial and other industry-related services.

According to the organisers, participation could help you set up your brand image in the Algerian market. and a foothold in the much larger African continent. It could help earn a share in the larger African market, which is now characterised by low competition and high consumption in the furniture manufacturing sector.

In order to attract investment of pioneer companies in this sector, the Algerian government is extending assistance and granting vast benefits in land acquisition, labour and energy availability, ease of doing business and clearance of proposals.

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